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Bruce Grinnell

July 23, 2009

Richmond Fed Hires VP for Corporate Support Services

Richmond, VA

The Federal Reserve Bank of Richmond has hired Bruce Grinnell as vice president of corporate support services. Effective August 3, Grinnell will oversee the district-wide information technology transitions function and provide leadership and technical expertise for IT projects and initiatives. His areas of responsibility also include financial planning, asset management, vendor management, risk management, and business continuity planning.

Regarding his upcoming employment with the Richmond Fed, Grinnell said he was excited to be "working toward a mission, a common good." "The most important thing for the country during this challenging time is to improve the economy. I'm excited to be a part of that," he said.

Most recently, Grinnell was chief operations officer for Towerstream Inc., a national provider of wireless broadband services located in Middletown, RI. His professional experience includes leadership positions within several Virginia companies. Grinnell was chief operations officer and vice president of operations for VBS, Inc., in Richmond. He previously was also operations director for Perot Systems Government Services in Fairfax, as well as program management director for Cordiem, LLC, in Arlington. A former commander with the U.S. Coast Guard, his public service career spanned 23 years.

"Bruce's background and prior experiences in the areas of crisis management, finance, and large-scale project management make him a perfect fit for this position," said Janice Clatterbuck, senior vice president of corporate support services.

Grinnell earned a master's of science in industrial administration from the Krannert School of Management at Purdue University. He also participated in executive programs including one in information services at Harvard Business School, Harvard University, and another in finance and accounting at the Wharton School of Business, University of Pennsylvania.

Grinnell and his wife Muffi reside in Montpelier. They have two sons: Spencer is a Midshipman at the US Merchant Marine Academy, and Jamison is a student at Patrick Henry High School.

For more information about the Richmond Fed, see http://richmondfed.org/.

Photo of Bruce Grinnell (Print Quality)

The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.


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